CrowdStrike (CRWD): Stephens Raises Target to $590 After Financial Model Update

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the AI Stocks Every Investor Should Watch. On October 9, Stephens raised the firm’s price target on the stock to $590 from $525 and kept an Overweight rating on the shares. The price target raise follows the firm’s detailed review of its financial model for CrowdStrike. The firm calls it a model clean-up and keeps its positive fundamental view intact. “We are making slight adjustments to our CrowdStrike estimates after revisiting the company’s recent ARR ...